Hong Kong economy grows 0.7 percent in 3Q

Hong Kong’s economy continues to expand for the sixth consecutive quarter. The .7 percent growth in the third quarter was boosted by strong exports to China and elsewhere in Asia. The uncertainty in industrialized economies, however, continues to pose a threat to Hong Kong. The Chinese territory, which has a separate political and economic system from the mainland, also saw a decrease in unemployment from 4.6 percent in the second quarter to 4.2 percent in the third quarter. It seems to me that third quarter results from many countries are showing growth. It appears the optimism shared at the Economic Outlook Conference may be accurate and that many countries are starting to see some light at the end of the tunnel.